#TON/USDT : Trendline Break & Double Bottom#TON
The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.
We are seeing a bearish trend in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected.
There is a key support zone in green at 1.39, and the price has bounced from this level several times. Another bounce is expected.
We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend.
Entry Price: 1.47
First Target: 1.48
Second Target: 1.52
Third Target: 1.57
Remember a simple principle: Money Management.
Place your stop-loss order below the green support zone.
For any questions, please leave a comment.
Thank you.
Tonusdtperp
Ton’s Turn — Watch It Burn Before the ReturnWe’re following one of the scenarios I shared earlier —
the yellow path from my previous publication.
At this stage, I expect further downside movement on $TON.
🎯 First target: 2.12
🎯 Global target: 1.98 - — and possibly even slightly lower
🔴 Invalidation zone: 2.2618
Please stay cautious and avoid catching the bottom —
it’s always better to wait for confirmation before any long entries
A rise above 3.725 could start a new bullish wave
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The original TON coin (token) failed, and this is the TON coin that was acquired and rebuilt.
Therefore, there are currently two TON coins, so it's recommended to verify them before trading.
This TON coin was acquired and rebuilt by Coinbase Ventures.
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(TONUSDT 1D chart)
If the price holds above 3.725, there's a possibility of an upward trend as it breaks above the 4.059-4.668 range.
Therefore, the key question is whether it can find support at 3.440-3.725 and continue upward.
If not,
1st: 3.161
2nd: 2.641-2.900
Check for support near the 1st and 2nd levels above.
If possible, it's best to confirm that the price holds above the M-Signal indicator on the 1W chart before entering a trade.
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(1W chart)
If the price rises above 3.725, there's a possibility of a sharp rise as there are no support or resistance levels.
Currently, the volume profile is forming in the 5.770-6.391 range, so there's a possibility that it will rise to that level.
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Thank you for reading.
I wish you successful trading.
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- Here's an explanation of the big picture.
(3-year bull market, 1-year bear market pattern)
I'll explain more in detail when the bear market begins.
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#TON #TONUSDT #TONCOIN #LONG #Scalp #Scalping #Eddy#TON #TONUSDT #TONCOIN #LONG #Scalp #Scalping #Eddy
TONUSDT.P Scaliping Long Setup
Important areas of the upper time frame for scalping are identified and named.
This setup is based on a combination of different styles, including the volume style with the ict style.
Based on your strategy and style, get the necessary confirmations for this scalping setup to enter the trade.
Don't forget risk and capital management.
The entry point, take profit point, and stop loss point are indicated on the chart along with their amounts.
The responsibility for the transaction is yours and I have no responsibility for not observing your risk and capital management.
Be successful and profitable.
Start of a full-scale uptrend: When it rises above 5.770-5.927
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Have a nice day today.
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(TONUSDT 1W chart)
The key is whether it can maintain the price by rising above 5.770.
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(1D chart)
To do so, it must be supported around 5.469 and rise.
If it does not and falls,
1st: 5.169-5.274
2nd: 4.668
You should check for support near the 1st and 2nd above.
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Therefore, in order to trade TON coin, it is recommended to check for support at least around 5.469.
The real buying period is when it shows support around 5.770-5.927.
Otherwise, it may pretend to rise above 5.770-5.927 and then fall.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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